Author: Global Macro News Desk

Iran closed the Strait of Hormuz until further notice as US strikes and Iranian missile attacks intensified tensions across the Gulf.

Goldenwise disclosed a 6.6% stake in Phunware and is seeking governance reforms, greater accountability and potential board representation.

Apple sues OpenAI, alleging trade secret theft tied to the AI company’s development of upcoming consumer hardware devices.

SOBRsafe will wind down operations, stop accepting new orders, refund eligible customers and end subscriptions after July 31.

FDA approves Merck’s Keytruda and Padcev combination for muscle-invasive bladder cancer before and after surgery.

Dream Finders urges Beazer Homes to engage on its $32 per share all-cash takeover proposal and limited standstill terms.

U.S. strikes on Iran and reported explosions near the Strait of Hormuz have raised fears of wider conflict and disruption to key shipping routes.

Fed minutes showed officials weighed rate cuts if inflation eases, but also saw policy firming as warranted if price pressures remain elevated.

Netflix will add curated videos from BuzzFeed, Condé Nast, Hearst and more on August 3 across select markets.

Meta debuts Muse Image, its new AI image model for Instagram, WhatsApp and Meta AI, with Muse Video also previewed.